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JBS USA Invests in U.S. Beef Capacity and Permanently Increased Wages
JBS USA announced it is investing more than $130 million in the U.S. beef industry to increase production capacity and more than $150 million in annualized pay increases to workers across its nine beef plants. The investments are part of the company’s long-term strategic commitment to the success and future growth of the U.S. beef industry.
JBS USA has invested $130 million to increase production capacities at two of its major beef processing facilities in Grand Island and Omaha, Neb. The company is on schedule to complete a significant expansion of its Grand Island beef production facility, including the construction of a new harvest floor and enhanced animal welfare facilities, in late summer. JBS USA is also expanding cooler capacity and upgrading...
Wingstop Announces Minority Investment in Wingstop UK Franchisee
Wingstop announced a minority investment in the UK business, which is operated by its UK franchisee, Lemon Pepper Holdings Ltd. This investment follows strong performance in the UK and underscores the brand's confidence in the market as a key growth lever for global expansion.
"We are thrilled to partner with the Lemon Pepper team as they grow their brand presence in the UK, a market with tremendous long-term potential," said Wingstop CFO Michael Skipworth. "We believe this strategic use of our capital will strengthen the development pipeline in that market and I am excited to...
GOOD Meat, a Division of Eat Just, Secures $170 Million to Scale Cell Cultured Meat
Eat Just announced that its GOOD Meat division has secured $170 million in new funding. With this transaction, GOOD Meat, the world’s first-to-market meat made from animal cells instead of slaughtered livestock, becomes a subsidiary of Eat Just, which announced a $200 million fundraise in March.
The latest investment from funds managed by UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others, will be used to increase capacity and...
Hungry Planet Closes $25 Million Series A Funding Round
Hungry Planet a leading plant-based meat company headquartered in St. Louis, Missouri, announced that it closed an oversubscribed $25 million Series A financing round. This round of funding will be used to build capacity for Hungry Planet’s breakthrough plant-based meats, and accelerate growth across retail, foodservice and e-commerce channels, both domestically and internationally.
Post Holdings led the round, joined by Singaporean investment group TRIREC, and included other leading plant-forward investors. With the market value of plant-based meat expected to reach $35.4 billion by 2027, Hungry Planet determined that now is the time to...
Walmart Invests in Cruise, an All-Electric Self-Driving Company
The following statement was made by John Furner, President and CEO, Walmart U.S.
Over the years we’ve been doing a lot to learn more about the role autonomous vehicles can play in retail, and we’ve seen enough to know it’s no longer a question of if they’ll be scaled, but when.
We’re taking the next step in our work with autonomous vehicles by making an investment in Cruise, the San Francisco-based company enabling a self-driving future through their all-electric fleet of self-driving cars. The investment will aid our work toward developing a last mile delivery ecosystem that’s...
LIVEKINDLY Collective Raises $335 Million in Latest Funding Round
LIVEKINDLY Collective, a collection of heritage and start-up brands on track to become one of the world’s largest plant-based food companies, announced a successful capital raise led by The Rise Fund, the global impact investing platform managed by TPG. This round was joined by existing investor Rabo Corporate Investments, the investment arm of Rabobank, S2G Ventures, and other existing and additional mission-aligned investors.
This investment closes a growth funding round of $335 million, including $135 million converted from a prior round, bringing the total funds raised by LIVEKINDLY Collective in its first year to $535 million. With this latest investment, LIVEKINDLY Collective has become one of the top three...
Eat Beyond Adds Plant Power to Its Portfolio and Extends Marketing Agreement
Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is making an investment in, and adding Plant Power Restaurant Group, LLC ("Plant Power") to its portfolio.
California-based Plant Power Fast Food is known as an innovator in the Quick Service Restaurant ("QSR") field with its 100% plant-based offerings and biodegradable packaging. Plant Power features a menu that ranges from burgers, fries, shakes and 'chicken' tenders - to wraps, salads, juices, raw items and...
Eat Beyond Adds Zoglo's Incredible Food to Its Portfolio
Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is announcing that it has completed an investment in Zoglo's Incredible Food Corp. ("Zoglo's"), by joining its recent seed round. Zoglo's has plans to become publicly traded via reverse take over in the coming months. At the present time, Eat Beyond anticipates further increasing its interest in Zoglo's by participating in its next financing - the "go public" round.
Zoglo's has been a leading company offering kosher, plant-based products for over 25 years and is now ready to enter the mainstream market. It has a product selection of over...
Olymel Announces Investment to Increase Production Capacity at Ange-Gardien Pork Processing Plant
Olymel management today announced an investment of $9 million to set up a second shift at its Ange-Gardien (formerly F.Ménard) hog slaughtering, cutting and deboning plant in Montérégie-Est, Quebec. This investment and the new evening shift will create more than 250 new jobs and should be in operation by next September. The plant, which already employs a total of 680 people, will see that number grow to more than 900, making it one of the largest employers in the region.
“This announcement is in line with Olymel’s development strategy and growth objectives. Olymel is capitalizing on synergies from the January 2020 acquisition of F.Ménard, one of the leaders of the Quebec pork industry. With this investment...
KIND Snacks Founder Daniel Lubetzky Invests in Quevos Following Shark Tank Deal
KIND Snacks Founder Daniel Lubetzky has invested in Quevos, a brand of fun and flavorful snacks whose first ingredient is egg whites. As announced on ABC's Shark Tank, Lubetzky will partner with budding entrepreneurs, Quevos Founders Nick Hamburger and Zack Schreier, to help more people discover their introductory line of high protein, high fiber, low carb snacks in bold flavors including Honey Mustard, Cheddar, Sour Cream & Onion, Sweet Barbecue, Quevos Rancheros, Dill Pickle, and Mesquite BBQ.
Lubetzky's investment is a vote of confidence for both Quevos' snacks and co-founders Hamburger and Schreier, who impressed Lubetzky with their entrepreneurial spirit and life-long friendship turned partnership. Leveraging his experience growing KIND from...
Eat Beyond Adds Above Food to Its Portfolio
Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is announcing that it has completed an investment in Above Food Inc.
Above Food develops and distributes premium, whole plant alternatives to meat and dairy by creating nutrient-dense consumer products and branded ingredients. It uses a proprietary blend of plant proteins created from heirloom pulses and gluten free grains. Above Food brings its products to market by...
Rabobank’s Food and Agri Innovation Fund Invests in Chickpea Protein Foodtech Company InnovoPro
InnovoPro, the plant-based ingredients innovator specialising in innovative chickpea proteins, has secured $18m from investors including Rabobank as part of a second funding round.
The Rabo Food & Agri Innovation Fund, part of Rabobank’s investment arm Rabo Corporate Investments, joined InnovoPro's B round funding as the global food ecosystem continues to evolve in response to the COVID-19 pandemic. The deal, which was led by Jerusalem Venture Partners (JVP), Israels leading VC fund and also included in its second closing ICOS Capital, collaborative venture capital firm...
Eat Just and Proterra Asia Partner on JUST Egg Protein Facility and Expansion
Eat Just, Inc. announced a partnership with a consortium led by Proterra Investment Partners Asia Pte. Ltd. (Proterra Asia), an investment management firm focused on the food and agribusiness sectors, to meet demand for the plant-based JUST Egg in Asia.
The consortium will invest up to $100 million and Eat Just will invest up to $20 million to build and operate their first-in-Asia, and largest, plant protein production facility in Singapore. The resulting Eat Just subsidiary, to be known as Eat Just Asia, will serve JUST Egg manufacturing and distribution partners across Asia.
The partnership combines Eat Just’s proprietary protein separation technology, leadership and innovative business model with...
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